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2006 Minnesota Statutes
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Chapter 446A
Section 446A.05
Topics
Recent History
- 2007 446A.05 Repealed 2007 c 96 art 1 s 16
This is an historical version of this statute chapter. Also view the most recent published version.
446A.05 PROJECT LOANS.
Subdivision 1. Loans and loan purchases. The authority may make and contract to make
loans to governmental units to finance projects that the governmental unit may construct or
acquire or may acquire or contract to acquire notes and bonds issued by governmental units to
finance those projects. A loan may not be used to pay current expenses or obligations, except
for temporary financing. A loan made by the authority must be secured by notes or bonds of
the borrowing governmental unit.
Subd. 2. Rules. The commissioner may adopt rules governing loans awarded under this
section.
History: 1987 c 386 art 3 s 22; 1988 c 546 s 3
Subdivision 1. Loans and loan purchases. The authority may make and contract to make
loans to governmental units to finance projects that the governmental unit may construct or
acquire or may acquire or contract to acquire notes and bonds issued by governmental units to
finance those projects. A loan may not be used to pay current expenses or obligations, except
for temporary financing. A loan made by the authority must be secured by notes or bonds of
the borrowing governmental unit.
Subd. 2. Rules. The commissioner may adopt rules governing loans awarded under this
section.
History: 1987 c 386 art 3 s 22; 1988 c 546 s 3
Official Publication of the State of Minnesota
Revisor of Statutes